Mises Wire

As the Federal Reserve engineers one financial bubble after another, we are reminded that the Austrian Business Cycle Theory explains what is happening and how there is a better way. 

Contrary to anti-freedom myths, "greedy" business owners don't decide what prices will be for goods and services. 

In this episode, Murphy clarifies what is right and wrong on comparative advantage.

Stiglitz won the 2001 Nobel Prize in economics, but that doesn't mean he understands free markets, as you might expect from the title of this book. No, Professor Stiglitz, in the free market, there are no government subsidies or taxes. 

Opponents of President Biden‘s immigration policies have resorted to suing the Environmental Protection Agency to claim mass immigration harms the environment. 

Anthony Blinken‘s term as US Secretary of State will be ending, although not soon enough. 

While it is tempting to think of state power as being maintained by sheer force, it still needs a “theological” justification, be it secular or religious. The US state is no exception.

Almost 90 years later, Albert Jay Nock's Our Enemy the State remains a classic and definitive work on examining the state for what it is: a liberty-crushing behemoth. David Gordon takes another look at this important work.

One of the oldest and most harmful economic fallacies is the belief that, at best, economic exchange is a zero-sum activity. However, free exchange in an unhampered market is always positive.

Trump says he wants to abolish the income tax and replace it with a tax on imports. That's just rearranging deck chairs on the Titanic.